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Mining companies should step up community engagement now

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If ever there was a time to speed up spending on projects to visibly and tangibly benefit people around mines, this is it

The Anglo American-listed subsidiaries have done astonishingly well in the first six months of the year and it can only serve to raise expectations about SA’s platinum group metal and gold miners.

Kumba Iron Ore and Anglo American Platinum paid strong dividends to shareholders that benefited majority owner Anglo American.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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BUSINESS MAVERICK: Life after the pandemic: Kumba approves R7bn mine expansion projectEven amid the Covid-19 pandemic and global economic turbulence, companies are allocating capital to expansion projects. Kumba Iron Ore, a unit of Anglo American, has announced approval of funding for its R7-billion Kapstevel South project at the Kolomela mine in the Northern Cape province. This underscores Anglo’s commitment to South Africa.
Source: dailymaverick - 🏆 3. / 84 Read more »